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alstry (36.20)

11.10.9.....Now The Layoffs Begin....

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November 03, 2009 – Comments (5)

Nokia Siemens Networks to lay off up to 5,700

J&J to cut up to 7 pct of work force; sets charge (7,000-8,000)

You can give bankers free money and cut so long before workers and citizens get fed up and social unrest sets in.....

Buses, subways halted by Philly transit strike

Fools...none of this is hard to see....just difficult to accept it is happening in America.

It is not the end of the world......simply the end of the world as you know it.

 

5 Comments – Post Your Own

#1) On November 03, 2009 at 8:49 AM, alstry (36.20) wrote:

Not only layoffs.... but MASSIVE wage and benefit cuts.

Qwest Comm. To Save $100 Million By Stopping Pensions and Pay Freezes For Managers 

If you are not prepared for a 50% family income drop....you are not prepared.

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#2) On November 03, 2009 at 9:01 AM, alstry (36.20) wrote:

ARE YOU READY FOR THE CUTS!!!!!!!!!!

State agencies could get 20% cut in next MI budget

THAT IS ON TOP OF THE 10% CUTS THIS YEAR!!!!!!!

You were warned.....under Zombulation Policies.....we still have a long long long long long way to go..................................

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#3) On November 03, 2009 at 9:10 AM, danteps (29.56) wrote:

Warren Buffett makes his biggest investment in the U.S. economy and the Narcississtic One continues with the Chicken Little commentary.

Tough one here - would I listen to the Oracle who is the richest investor in the history of the world on a nominal basis . . .  or would I listen to some street entertainer that types gloom and doom with continually updated dates?

Alstry is like options, we soon will be moving to the forward month (12/10/09).  Keep posting because it helps remind me to do the opposite.

 

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#4) On November 03, 2009 at 9:21 AM, cubanstockpicker (21.21) wrote:

Does anyone even count the labor statistics of a housing BUST?

 Miami Dade County reported a un uptick in housing with 17 new housing starts. YEY!!!!!!! 17 homes? in a county of over 3 million people?

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#5) On November 03, 2009 at 10:00 AM, Formula51 (< 20) wrote:

danteps.

 Buffett BOUGHT that company.  He can control it and he always buys with a VERY long horizon.  Plus, the economy as a whole can suffer while a few companies and even industires do well.

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